Documentation of an Audit Data Analytic (ADA), should be sufficient enough such that: O An experienced auditor, with no prior connection to the engagement could understand the conclusions reached and significant judgments made An experienced auditor, who is familiar with the engagement could understand the conclusions reached and significant judgments made O An investor looking into the company could understand the conclusions reached and significant judgments made O Both "An investor looking into the company could understand the conclusions reached and significant judgments made" and "An experienced auditor, with no prior connection to the engagement could understand the conclusions reached and significant judgments made" are correct

Documentation of an Audit Data Analytic (ADA), should be sufficient enough such that: O An experienced auditor, with no prior connection to the engagement could understand the conclusions reached and significant judgments made An experienced auditor, who is familiar with the engagement could understand the conclusions reached and significant judgments made O An investor looking into the company could understand the conclusions reached and significant judgments made O Both "An investor looking into the company could understand the conclusions reached and significant judgments made" and "An experienced auditor, with no prior connection to the engagement could understand the conclusions reached and significant judgments made" are correct

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Documentation of an Audit Data Analytic (ADA), should be sufficient enough such that:
O An experienced auditor, with no prior connection to the engagement could understand the conclusions reached and significant judgments
made
An experienced auditor, who is familiar with the engagement could understand the conclusions reached and significant judgments made
O An investor looking into the company could understand the conclusions reached and significant judgments made
O Both "An investor looking into the company could understand the conclusions reached and significant judgments made" and "An
experienced auditor, with no prior connection to the engagement could understand the conclusions reached and significant judgments
made" are correct

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